Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
The schedule of expenditures of federal awards includes the federal grant activity of Hilltop House, Inc. and is presented in accordance with generally accepted accounting principles. The
information in this schedule is presented in accordance with the requirements of Title 2 Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Hilltop House, Inc. has elected not to use the 10% de minimis indirect cost rate. Hilltop House included on the schedule of expenditures of federal awards the following loan balance at June 30, 2023 $9,004,853.
De Minimis Rate Used: N
Rate Explanation: Hilltop House, Inc. has elected not to use the 10% de minimis indirect cost rate.